Chapter CFM44170

Published date16 April 2016
Record NumberCFM44170
CourtHM Revenue & Customs
IssuerHM Revenue & Customs
Convertible or exchangeable sukuk

Just as the issue terms of conventional bonds may provide for them to be converted into shares of the issuing company on maturity, or exchanged for shares in some other company, alternative finance investment bonds may be convertible or exchangeable. (Since the issuing company is frequently a special purpose vehicle, ‘exchangeables’ are more common...

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